ead of such a
blow to their trade, that was one of the strongest arguments made use
of by the merchants of this country, in their petition to the States.
I need not mention to you anything respecting what is like to take
place in Europe another year, for of that ere this, you, I hope, have
information. I will only say, that the greater part contemplates with
pleasure the gloomy prospect for England; there is not an Envoy of the
most petty State in Italy, but exults at it. The want of intelligence
from America, hurts the cause prodigiously in Europe, and the anxiety
of those who have its interest at heart, is from that circumstance,
inconceivable. I hope I need not offer assurances to convince the
honorable Congress of the zeal with which I wish to serve them. To be
directed by that honorable body in what manner to do it most
effectually, will be the happiest circumstance of my life.

I have the honor to be, &c.

WILLIAM CARMICHAEL.

_P. S._ I cannot seal this letter without recommending Colonel Prevet,
should the fortune of war put him into our hands, to all the
indulgence, to himself and family, his situation will possibly admit
of. Mr Grand, his wife's father, an eminent merchant here, animated
with that love of liberty which distinguishes his country,
(Switzerland) offers all the services in his power to the public, and
a thousand civilities to its individuals. If by the same fortune, Mr
Dowdswell, of the first regiment of guards, should fall into our
hands, his father's merits and his own reluctance, will give him the
same indulgence.

Since I wrote the above, Mr Grand has assured me, that should the
honorable Congress determine to negotiate loans in Europe, and would
draw bills accepted by the principal merchants in America, payable at
two, three, and five years' sight, and send them to their house, they
should be discounted by them at five per cent interest. This was the
manner in which money was raised for the city of Leipsic during the
last war. The gentlemen of the committee will please to observe, that
this is to be kept very secret, for no loan can be publicly negotiated
here as yet. The firm of this house is Messrs Horneca, Fizeaux & Co.
and is one of the most capital in this city. Should any cargoes be
consigned here on public account, perhaps it may be thought proper to
address them to these gentlemen. I can assure you, gentlemen, and that
from my own